Pak Suzuki sets a new record for the highest-ever sales in Pakistan.

ByFaisal Chughtai | Published date:
pak-suzuki-sets-a-new-record-for-the-highest-ever-sales-in-pakistan

(Image credit: suzuki)

Pak Suzuki Motor Company (PSMC) has achieved the greatest monthly sales in Pakistan's auto sector history. By July 2021, the firm had sold over 15,200 vehicles.

According to reports, the increase in sales is due to a decrease in the rate of interest on auto loans, as well as a recent decrease in vehicle costs.

It has also been stated that the Japanese manufacturer faces little to no competition in the Pakistani auto industry, which is one of the primary reasons for the staggering numbers.

That argument is supported by the fact that PSMC has a 66 percent market share in the automobile industry and has sold 37,730 Alto units in the fiscal year 2020-21.

PSMC saw a 39 percent MoM sales decrease in June, selling only 5,106 units. However, the sales drop was caused by the restricted quantity of units manufactured as a result of the COVID-19-induced problems throughout the world.

According to sources, the business is increasing production to meet increased demand for its vehicles. PSMC will have the highest market share in Pakistan because it is the only company that manufactures a wide range of compact city cars.

Comment